Weighted Average Shares and Net Income Per Share (Tables)

9 Months Ended

Dec. 31, 2023

Earnings Per Share [Abstract]

Calculations of Basic and Diluted Weighted Average Common Shares

The following table sets forth the calculations of the basic and diluted weighted average common shares for the three and nine months ended December 31, 2023 and 2022:

	Three Months Ended December 31,
	2023		2022
Net Income	$	17,095,000	$	16,849,000
Basic:
Weighted average common shares outstanding		17,106,000		17,245,000
Net Income per share	$	1.00	$	0.98
Diluted:
Weighted average common shares outstanding		17,106,000		17,245,000
Treasury stock impact of stock options		220,000		242,000
Total common and common equivalent shares		17,326,000		17,487,000
Net Income per share	$	0.99	$	0.96

	Nine Months Ended December 31,
	2023		2022
Net Income	$	56,798,000	$	48,196,000
Basic:
Weighted average common shares outstanding		17,124,000		17,379,000
Net Income per share	$	3.32	$	2.77
Diluted:
Weighted average common shares outstanding		17,124,000		17,379,000
Treasury stock impact of stock options		228,000		268,000
Total common and common equivalent shares		17,352,000		17,647,000
Net Income per share	$	3.27	$	2.73